Analysts expect that Sanderson Farms, Inc. (NASDAQ:SAFM) will announce $1.48 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sanderson Farms’ earnings, with the highest EPS estimate coming in at $1.77 and the lowest estimate coming in at $1.21. Sanderson Farms reported earnings of $1.02 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 45.1%. The firm is expected to announce its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Sanderson Farms will report full-year earnings of $10.66 per share for the current year, with EPS estimates ranging from $7.13 to $13.15. For the next financial year, analysts anticipate that the business will report earnings of $7.22 per share, with EPS estimates ranging from $4.88 to $8.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sanderson Farms.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.50 by ($0.30). The business had revenue of $919.90 million during the quarter, compared to the consensus estimate of $916.07 million. Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.36 EPS.

Several research analysts have recently weighed in on SAFM shares. BMO Capital Markets reiterated a “hold” rating and set a $150.00 price target on shares of Sanderson Farms in a research note on Friday, October 13th. Mizuho set a $150.00 price target on Sanderson Farms and gave the stock a “hold” rating in a research note on Monday, October 16th. Morgan Stanley started coverage on Sanderson Farms in a research note on Friday, November 3rd. They set an “equal weight” rating and a $140.00 price target for the company. J P Morgan Chase & Co downgraded Sanderson Farms from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $129.00 to $134.00 in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $138.80.

Shares of Sanderson Farms (SAFM) traded down $2.54 during trading hours on Friday, reaching $143.31. The company’s stock had a trading volume of 2,221,251 shares, compared to its average volume of 525,486. The company has a market cap of $3,271.05, a P/E ratio of 11.70 and a beta of 0.61. Sanderson Farms has a 52-week low of $87.54 and a 52-week high of $176.43.

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. lifted its holdings in Sanderson Farms by 6.9% during the 2nd quarter. Advisor Group Inc. now owns 961 shares of the company’s stock worth $112,000 after purchasing an additional 62 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Sanderson Farms by 144.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the company’s stock worth $130,000 after purchasing an additional 662 shares in the last quarter. World Asset Management Inc purchased a new stake in Sanderson Farms during the 3rd quarter worth about $207,000. Foster & Motley Inc. purchased a new stake in Sanderson Farms during the 3rd quarter worth about $213,000. Finally, Strs Ohio lifted its holdings in Sanderson Farms by 180.0% during the 2nd quarter. Strs Ohio now owns 1,400 shares of the company’s stock worth $161,000 after purchasing an additional 900 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

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Sanderson Farms Company Profile

Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.

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Earnings History and Estimates for Sanderson Farms (NASDAQ:SAFM)

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